Binance has stirred excitement in the crypto space by announcing that Scroll (SCR) will be the next token listed via its Launchpool. This marks the 60th project on the Binance Launchpool, and pre-market trading for the token will begin on October 11, 2024, at 11:00 AM (UTC+2). Scroll (SCR) is gaining significant attention from both Ethereum enthusiasts and investors due to its zkEVM Rollup solution on the Ethereum network.
What is Scroll (SCR)?
Scroll (SCR) is a zkRollup scaling solution for the Ethereum network. This technology aims to enhance the network’s transaction capacity without compromising security. The term “zkRollup” refers to “zero-knowledge rollup,” which combines multiple transactions into a single proof presented to the Ethereum network. This dramatically reduces the data load on Ethereum, resulting in faster and cheaper transactions. Scroll’s core goal is to improve Ethereum’s performance and make the network more accessible to a broader audience.
How to Participate in Binance’s Scroll Launchpool
For users looking to gain access to Scroll (SCR) through Binance’s Launchpool, this presents an excellent opportunity. By staking BNB and FDUSD, users can earn SCR airdrops over a two-day farming period, which begins on October 9, 2024, at 1:00 AM (UTC+2) and ends on October 10, 2024, at 12:59 AM (UTC+2). During this period, a total of 55 million SCR tokens, representing 5.5% of the total supply, will be distributed through the Launchpool as rewards.
Farming Details and Pools
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During the farming period, 27.5 million SCR tokens will be distributed as rewards. Users who stake in the BNB pool will receive 23.37 million SCR, while those in the FDUSD pool will earn 4.12 million SCR. A per-user hourly limit has been set, with a maximum of 97,395 SCR for BNB stakers and 17,187 SCR for FDUSD stakers. The total rewards for the BNB pool are 46.75 million SCR, and 8.25 million SCR for the FDUSD pool. These rewards will be distributed throughout the farming period, offering participants a chance for significant earnings.
Pre-Market Trading and Important Dates
Binance will be the first platform to list Scroll (SCR), with pre-market trading beginning on October 11, 2024, at 11:00 AM (UTC+2). Users will be able to trade SCR/USDT during this event. However, the end time for the pre-market and the official spot listing will be announced later. Pre-market trading gives investors early access to the token before its official spot market listing. It’s important to note that users must meet eligibility requirements based on their country or region to participate.
Binance has also issued a warning to users, advising caution regarding advertisements claiming to sell Scroll (SCR) before the official listing, as these are likely scams. Binance urges users to prioritize the security of their funds.
Investor Interest in Scroll (SCR)
The Scroll (SCR) project has already attracted significant attention in the investment world. Leading firms like Polychain Capital, Sequoia China, Bain Capital Crypto, and Moore Capital Management have all backed the project, showcasing their confidence in its potential. The growing interest from these high-profile investors further highlights Scroll’s promising future in the blockchain space.
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